 |
Don Zender | MLO-9023 | Vice President
10900 NE 4th St., Suite 1400
Bellevue WA 98004
| |
Email: dzender@evergreenhomeloans.com
Phone: (425) 576-3702
Pager: (206) 230-1396
|
 |
|
|
|
|
|
| Financing Options 101 - For Purchase Transactions |
Every buyer sees something different when they picture their dream home. It could be a primary residence, a second or vacation home or an investment property. So no matter what you're looking to purchase, Zender The Lender offers a complete range of mortgage options to help you finance it.
We offer financing for single family residences and 1- to 4-unit properties.
We offer a wide selection of fixed or adjustable rate loans, for amounts up to $2 million.
|
|
| Your Mortgage Options |
|
Fixed Rate Mortgages
| Loan Program |
Features |
| Conventional 30-, 25-, 20-, 15-, or 10- Year Fixed Rate Loans |
This is your basic mortgage program. Homebuyers make a predictable, fixed mortgage payment
consisting of principal and interest, which fully repays the loan by the end of the loan term. You
can make as little as a 5% down payment. |
| Low-Down Payment Loan |
This loan program minimizes the amount of down payment you make. |
| No-Down Payment Loan |
This program allows you to finance the cost of your entire home purchase. You may
even be able to finance your closing costs. |
| Reduced- or No-Documentation Loans |
Depending on your credit, you may be able to qualify with very little paperwork. These
loans are often used for self-employed people or people finding it hard to verify income. |
Back to Top
Adjustable Rate Mortgages (ARMs)
| Loan Program |
Features |
| Basic Adjustable Rate Loan |
This is the basic adjustable rate mortgage. You begin with a low starting payment rate -- which
is lower than the fixed rate. That rate adjusts up or down every 6 months or yearly as one of the
leading financial indexes adjusts. The amount the interest rate can adjust is limited both over a
specific period of time and during the entire life of the loan. This loan requires a little as a 5%
down payment. |
| Fixed Period ARM |
The initial rate for this loan program is fixed for the first 3, 5, 7, or 10 years. After the
initial fixed period, it adjusts annually to correspond to a leading financial index, such as the 1-Year
US Treasury Index. The amount the interest rate can adjust is limited both over a specific period of time
and during the entire life of the loan. |
Back to Top
Jumbo Mortgages
| Loan Program |
Features |
| Jumbo Mortgages |
This group of loan programs is designed for homebuyers needing to borrow more than the conventional limits
set by Fannie Mae and Freddie Mac.
Loan amounts can be as high as $2 million, and offer a variety of features:
- First mortgage and second mortgage combinations to a total of 100% loan-to-property value.
- Loan-to-Values greater than 80% (Low-Down Payment).
- Expanded Criteria Exceptions.
- No Ratio Loans.
- Reduced Documentation.
- Stated Income/Stated Asset Loans.
- No Income/No Asset Loans.
- Second Homes, Investment Properties, Condominiums.
- Foreign Nationals.
- Interest Only (for the lowest payment possible)
|
Back to Top
Home Equity Lines of Credit (HELOCs) and Fixed Rate Seconds
| Loan Program |
Features |
| Home Equity Line of Credit or Fixed Rate Second Mortgage |
These loan programs can be added to the purchase proceeds of a first mortgage to keep your first mortgage
at 80% loan-to-property value. This lets you avoid paying for mortgage insurance while maintaining a combined
loan-to-property value over 80%.
|
Back to Top
Less-Than-Excellent-Credit Loans
| Loan Program |
Features |
| Mortgages for people with less than excellent credit. |
Even if your credit is less than perfect, you still have options to purchase the home of your dreams.
We have a wide array of fixed rate and ARM programs perfectly suited to fit your needs.
|
Back to Top
|
|
|
|
|
|
